Rethinking Renovation – How Changing Your Home Could Benefit Your Life And Your Bank Balance

If you’re a homeowner, it’s likely there have been points when you’ve sat on your couch, pondering how you could improve your surroundings and add value, space and services that’ll benefit your lifestyle.

The New York Times notes a massive rise in renovations over recent months, with more people than ever choosing to make major changes.

Whether you’re one of the many making up the 58% increase in renovation requests, or you’re simply considering how you might upgrade your home, it’s worth thinking about what these alterations will mean in practice, and how best to get through the period of project delivery. 

Reasons to Renovate

There are many different reasons why you may choose to renovate.

Improving comfort and enjoyment comes close to the top of the list, but achieving this may also include fixing health and safety issues, increasing functionality and energy efficiency, and updating the style.

Not to mention, you’ll make your home more sellable and see its worth shoot up too.

Renovations which tend to result in the highest boost in profit involve bathroom and kitchen replacements, installation of new, energy rated windows, and construction of wooden decks. 

If you’re on the fence, you might find that understanding what’s involved with renovation helps you to make a decision about what to do, and the right time to do it.

Thoroughly prepare, and make sure you know your home, what you’d like to change and how the proposed changes will affect it – and don’t forget to think about whether or not you’ll be able to stay there while work is carried out.

These areas will all affect how you calculate whether costs are reasonable, and will also inform decisions around which contractors you’ll need to hire, the materials you’ll have to source, and the time your project is likely to take. 

Other Costs to Consider

Renovation is a messy business and often requires rewiring to be done, radiators to be ripped out or installed, and cracks, damp or rot to be addressed – things that might not seem immediately obvious when you’re looking at the wider goal.

This all generates trash, dust and debris which will need to be disposed of safely, and your whole home will no-doubt need a thorough deep clean too.

The CDC warns that particulates from building materials may pose a health risk, so safe disposal is a must.

The good news is that this isn’t something you have to tackle yourself, and there are plenty of businesses that specialize in bringing your home back to a better condition than it started off in.

Whatever your plans, and wherever you want to make changes, the benefits of renovation usually hugely outweigh the initial investment, both in terms of cost and time.

A little bit of disruption now could lead to hugely positive changes in the future, allowing you and your family to make the best use of the space you have and enjoy your home in the years to come.